User Account

All Pages

What was the gain or loss recognized in the income statement

Assignment Help Managerial Accounting
Reference no: EM133092487

Question - On January 1, 2021, RUDOLPH Company received 107,720 for a 100,000 face amount, 12% bond, a price that yields 10%. The bonds pay interest semi-annually. The entity elects the fair value option for valuing financial liabilities. On December 31, 2021, the fair value of the bond is determined to be 106,460. The entity recognized interest expense of 12,000 in the 2021 income statement. What was the gain or loss recognized in the income statement to report this bond at fair value?

Reference no: EM133092487

Questions Cloud

Determine the units of key chains required to be sold : The key chains sell for RM4.60 each. Assume that CK Sdn Bhd is targeting a profit of RM30,000. Determine the units of key chains required to be sold
Traditional and enterprise risk management : Explain the difference between traditional and enterprise risk management. Explain key drivers of value-driven enterprise risk management.
Describe their role in policy development process : Describe their role in the policy development process. Describe why the stakeholder identified is important in the policy development process.
What is DONNER current tax expense : On January 1, 2021, DONNER Corporation purchased investment securities for 1,200,000. What is DONNER current tax expense
What was the gain or loss recognized in the income statement : The entity recognized interest expense of 12,000 in the 2021 income statement. What was the gain or loss recognized in the income statement
Different levels of tolerance for risk : We all have different levels of tolerance for risk based on many factors - personality, life experiences, situations, etc.
Prepare an unadjusted misstatement audit schedule : Prepare an unadjusted misstatement audit schedule with a comment on your judgment of the audit findings based on the following audit results for Bovar
What are the most important or surprising points in the data : What are the most important or surprising points in the data? What does the data mean? Are there sources for the data? If so, visit the sources
What is description of your learning style : What is the description of your learning style? Include the characteristics and strategies usedby your learning style. Does this style seem to be match for you?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd